HUDSPETH v. ICSL

No. 04-97-00836-CV.

985 S.W.2d 477 (1998)

James D. HUDSPETH, Appellant, v. INVESTOR COLLECTION SERVICES LIMITED PARTNERSHIP, Appellee.

Court of Appeals of Texas, San Antonio.

Rehearing Overruled October 9, 1998.


Attorney(s) appearing for the Case

Royal D. Adams, Law Offices of Royal D. Adams, P.C., San Antonio, for appellant.

F. Richard Leach, Leach & Minnick, P.C., Houston, for appellee.

Before RICKHOFF, DUNCAN and ANGELINI, JJ.


OPINION

RICKHOFF, Justice.

This suit on a note examines the federal holder in due course doctrine.

James Hudspeth and his wife Georgiana made a note to San Antonio Savings on December 5, 1988; they were divorced on January 19, 1990. Meanwhile, the savings institution which made the note was taken over by the Resolution Trust Corp. ("RTC") on March 3, 1989.

On October 26, 1993, James and Georgiana struck a settlement agreement on the note...

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